Barclays (LSE: BARC) The shares were the habit of overtaking FTSE 100 Last year and that’s what they did again.

Over the past 12 months, the price of Barclays shares increased rapidly by 111%. Only the owner of British Airways IAG He was doing better.

At some point, the rush must get stuck. But not yet. Actions increased by another 15% in the last month. FTSE 100 did well at that time, rising by 5.45%. However, Barclays provided a return almost three times.

Can this winner still fly?

If the investor placed 10,000 pounds in Barclays a month ago, he would now have about 11,500 pounds. This is a fairly solid turn for a bank, which many wrote back as a serial worse. So what went?

February 2024 meant a turning point when the CS CEO Venkatakrishnan began an ambitious strategic review, thanks to which the high -performance retail department in Great Britain is the focal point of his development strategy.

He got up too TescoBanking arm for 600 million GBP and launched a 2 billion GBP performance disk. Investors woke up.

FTSE banks will also benefit from higher interest rates. They allow them to broaden net interest margins, the difference between what borrowers collect and saving.

This benefit was to turn around last year, and Bank of England (Boe) expected to reduce the basic rates five or six times in 2024. Instead, we only have a pair.

This enabled banks to relax with protecting interest rates in a measured manner. Last year, he probably handed Barclays the best of all possible worlds. Especially since he had a immense extent to miss the engine finance.

Can his happiness continue? I’m careful. The British economy looks sticky to me. The recession cannot be ruled out. This can force Boe to lower the rates faster than you are currently expected by squeezing margins.

A plus, lower interest rates should liven up the housing market, increasing the demand for mortgages.

Barclays shares still look decent value. The price indicator has increased from about seven times to almost 12 times. It’s a gigantic jump. But when forecasting the profit for the share, it will escalate by 12.8%, it is not excessive. The price indicator for the book remains modest 0.6, which suggests that the valuation is still justified in reality.

Good value, decent performance

Another downside of the rally is that Barclays’s dividend performance dropped to 2.6%, although it is expected to speed up to 3%over the following year. It is 4.5 times with earnings, so watch out for additional shareholders.

Barclays is a rarity of FTSE because it maintained its investment banking website. With Donald Trump in the saddle, volatility seems to be plumped. This can escalate activity and fees.

18 analysts offering annual stock prices have created a median of just over 322 pence. This is a slightly less than 6%escalate. In combination with the expected dividend performance, this would bring a total return below 10%if it is real. After a recent rapid consolidation period, it may occur on the cards. It can be considered at the moment, but maybe not for anyone who is looking for a repetition of his better results.